Cullen Frost Bankers Inc. Makes New $8.80 Million Investment in Birkenstock Holding PLC $BIRK

Cullen Frost Bankers Inc. bought a new stake in Birkenstock Holding PLC (NYSE:BIRK) during the 4th quarter, Holdings Channel.com reports. The fund bought 215,266 shares of the company’s stock, valued at approximately $8,804,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIRK. Morse Asset Management Inc purchased a new position in Birkenstock in the third quarter valued at about $28,000. Activest Wealth Management grew its stake in Birkenstock by 77,500.0% in the third quarter. Activest Wealth Management now owns 776 shares of the company’s stock valued at $35,000 after purchasing an additional 775 shares during the last quarter. Quarry LP grew its stake in Birkenstock by 99.2% in the third quarter. Quarry LP now owns 988 shares of the company’s stock valued at $45,000 after purchasing an additional 492 shares during the last quarter. NewEdge Advisors LLC grew its stake in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in Birkenstock in the second quarter valued at about $74,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Price Performance

Shares of NYSE BIRK opened at $33.19 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95. The company has a market cap of $6.10 billion, a PE ratio of 14.99, a P/E/G ratio of 1.31 and a beta of 1.15. The business has a 50-day simple moving average of $36.88 and a two-hundred day simple moving average of $39.54. Birkenstock Holding PLC has a fifty-two week low of $31.12 and a fifty-two week high of $57.20.

Analyst Upgrades and Downgrades

BIRK has been the topic of several analyst reports. New Street Research set a $47.00 target price on Birkenstock in a research note on Tuesday, January 27th. UBS Group reiterated a “buy” rating on shares of Birkenstock in a research note on Monday, February 9th. Piper Sandler reissued an “overweight” rating and issued a $55.00 price target (down from $60.00) on shares of Birkenstock in a report on Monday, April 27th. Telsey Advisory Group lowered their price target on Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Finally, Seaport Research Partners raised Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price target for the company in a report on Tuesday, April 14th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Birkenstock has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Birkenstock Company Profile

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.